CTOS court win alleviates overhanging business risk, say analysts

KUALA LUMPUR: Analysts are revising higher their valuations for CTOS Digital Bhd as the group's recent court victory has removed overhanging fears over its business model.

CTOS yesterday announced that the Court of Appeal had overturned a March 11, 2024, High Court case ruling that claimed the group was not legally empowered to formulate credit scores and was not provisioned in the Credit Reporting Agencies Act 2010.